dividends never cut even after a 17-year dot-bubble recovery.
TXN shows dividend resilience through downturns, with dividend never cut even when the recovery took 17 years.
Texas Instruments is used as an example where the share price was flat over a 17-year period while dividends grew dramatically. The dividend increased by 2,388% even though it took 17 years to recover from the dot bubble. That supports the thesis that dividend growth can endure when free cash flow holds up.